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Tuesday, July 19, 2011

MCX Commodity Tips(Gold,Silver,Crude Oil,Copper)Today 19 July

MCX Commodity Tips|Bullion Tips|Trading Trend(Tuesday, 19 July):
At the Multi Commodity Exchange (MCX), MCXCOMDEX closed on a positive note after a fall of 0.09% yesterday. It is currently trading higher by 14.10 points in the morning.
MCXMETAL is trading upward by 12.17 points after opening at 4,726.6 in the morning today.

Bullions: Bullions may remain firm but cautious trading is advised as some profit booking cannot be denied at present levels. Gold prices can test 23,400 while silver can test 61,000 in MCX in near term. 

Base metals: Base metals may remain sideways with positive path tracking positive opening in SHFE. Aluminum prices are showing some support at current levels.

Energy: Crude oil may trade on flat note tracking mixed overseas cues.Crude oil can trade in range of 4,200-4,300 in near term.

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